Menlo Park Library Foundation: FY2020 Nonprofit Profile & Form 990 (EIN 47-0950709)

Revenue by fiscal year
FY2020	$45K
FY2021	$39K
FY2022	$135K
FY2023	$57K
FY2024	$29K
FY2025	$27K

Expenses by fiscal year
FY2020	$23K
FY2021	$16K
FY2022	$14K
FY2023	$312K
FY2024	$12K
FY2025	$25K

Net assets by fiscal year
FY2020	$355K
FY2021	$379K
FY2022	$500K
FY2023	$245K
FY2024	$162K
FY2025	$164K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

75%

15%

Program services 75% · $18K Management & general 11% · $2K Fundraising 15% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation

Elyse Stein

President

$0Pt VII · Sec A

Elizabeth Halaby

Vice President

$0Pt VII · Sec A

Lynne Fovinci

Treasurer

$0Pt VII · Sec A

Libby Toub

Secretary

$0Pt VII · Sec A

Monica Corman

Board Member

$0Pt VII · Sec A

Casey Scherm

Board Member

$0Pt VII · Sec A

Katie Hadrovic

Board Member

$0Pt VII · Sec A

Jacqui Cebrian

Board Member

$0Pt VII · Sec A

See Menlo Park Library Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fundraises from the community to improve library facilities, programs, and services.

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Provided by the organization

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1 program · $18K · in their own filed words · FY2020

01

Provide supplemental library materials that enhance the quality of services provided to the community.

$18Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Fidelity Investments Charitable Gift FundFY2024$6K

Total grants receivedfrom 1 funder$6K

Grants paid · 3 grants · $312K · 2020–2023

Menlo Park LibraryFY2023$300,118

Menlo Park LibraryFY2021$5,509

Menlo Park LibraryFY2020$6,606

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$45K

Ln 12

Gifts and grantsLn 1h$27K

Investment incomeLn 3$18K

Money outPt IX

$23K

Ln 25

Programscol B$18K

Managementcol C$2K

Fundraisingcol D$3K

Owns and owesPt X

$355K

net assets · Ln 32

Cash and savingsLn 1–2$67K

Total assetsLn 16$355K

LiabilitiesLn 26$0

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$27K

Investment incomeLn 3$18K

Gains on assetsLn 7$8K

Total revenueLn 12$45K

Assets in detailPt X, end of year

CashLn 1$67K

Cash and savings togetherLn 1–2$67K

InvestmentsLn 11–13$288K

Total assetsLn 16$355K

LiabilitiesLn 26$0

Net assetsLn 32$355K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$38K	$67K
InvestmentsLn 11–13	$296K	$288K
Total assetsLn 16	$334K	$355K
LiabilitiesLn 26	$257	$0
Net assetsLn 32	$333K	$355K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$7K	$7K
Accounting feesLn 11c	$825		$825
Professional fundraising feesLn 11e	$3K			$3K
Other fees for servicesLn 11g	$50	$50
Conferences, conventions and meetingsLn 19	$167	$167
InsuranceLn 23	$3K	$3K
Other expenses (24a–d)Ln 24	$9K	$8K	$1K
All other expensesLn 24e	$890	$485	$405
Total functional expensesLn 25	$23K	$18K	$2K	$3K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$27K	$25K	$2K	$164K	990 PDF
FY2024	$29K	$12K	$17K	$162K	990 PDF
FY2023	$57K	$312K	−$255K	$245K	990 PDF
FY2022	$135K	$14K	$121K	$500K	990 PDF
FY2021	$39K	$16K	$24K	$379K	990 PDF
FY2020 Viewing	$45K	$23K	$21K	$355K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $44,922 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $19,343$27,331

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $43,811$17,591

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $63,154$44,922

I-13 Grants and similar amounts paidPrior year $6,727$6,606

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $57,285$3,440

I-17 Other expensesPrior year $10,860$13,447

I-18 Total expensesPrior year $74,872$23,493

I-19 Revenue less expensesPrior year −$11,718$21,429

Part VI · Governance 9 of 9 board members independent, 4 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $44,922 across 5 lines filed

VIII-1f All other contributions, gifts and grants$27,331

VIII-1h Total contributions, gifts and grants$27,331

VIII-3 Investment incomeRelated to mission $9,887$9,887

VIII-7 Net gain or loss on sales of assetsRelated to mission $7,704$7,704

VIII-12 Total revenueRelated to mission $17,591 · Unrelated business $0 · Excluded from tax $0$44,922

Part IX · Statement of functional expenses $23,493 across 8 lines filed

IX-1 Grants to domestic organizationsPrograms $6,606$6,606

IX-11c Accounting feesManagement $825$825

IX-11e Professional fundraising feesFundraising $3,440$3,440

IX-11g Other fees for servicesPrograms $50$50

IX-19 Conferences, conventions and meetingsPrograms $167$167

IX-23 InsurancePrograms $2,667$2,667

IX-24 Other expenses (24a–d)Programs $7,603 · Management $1,245$8,848

IX-24e All other expensesPrograms $485 · Management $405$890

IX-25 Total functional expensesPrograms $17,578 · Management $2,475 · Fundraising $3,440$23,493

Part X · Balance sheet $354,927 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $37,824$67,292

X-11 Publicly traded securitiesStart of year $295,931$287,635

X-16 Total assetsStart of year $333,755$354,927

X-26 Total liabilitiesStart of year $257$0

X-32 Total net assets or fund balancesStart of year $333,498$354,927

X-33 Total liabilities and net assetsStart of year $333,755$354,927

Part XI · Reconciliation of net assets $354,927 net assets at year end

XI-1 Total revenue$44,922

XI-2 Total expenses$23,493

XI-3 Revenue less expenses$21,429

XI-4 Net assets at start of year$333,498

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$354,927

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Menlo Park Library Foundation FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Menlo Park Library Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV